The Sbd conversion debate rages on but for me it about helping the most people. Leaving aside steem which is held in transactional accounts 96 of supply is in steem and 4 pct in Sbd. Allowing conversion should half the price of Sbd and increase steem 4 pct . 4 halving should increase steem power 16 pct and bring Sbd back o $1.
almost everyone would be better off. Most people do not have more than 4 pct of their steem stake in Sbd. Most people will benefit from this transaction. This policy helps the 96 pct as expense of the 4 pct steem holders. It’s a slam dunk for all but the most proliferation posted
It remind me of the whale experiment. Then the 1 pct who achieved huge posting rewards were so mad when eagles stopped going but it clearly helped the masses who werent.